7.1. SR 10-18-2010^~/
Elk REQUEST FOR ACTION
...,.
River
TO ITEM NUMBER
Ma or and Ci Council 7.1
AGENDA SECTION MEETING DATE PREPARED BY
Administration October 18, 2010 Tim Simon, Finance Director
ITEM DESCRIPTION REVIEWED B~/
Budget Amendments Lori ohnson, Ci Administrator
REVIEWED BY
ACTION REQUESTED
The City Council is asked to consider the budget amendments as stated in the amendment detail
attachment.
BACKGROUND/DISCUSSION
Budget amendments are presented to the City Council throughout the year and each December in
accordance with the City's Financial Management Plan.
The first budget amendment relates to the Federal grant that the environmental department received
relating to the project conserve program. The grant is to reimburse expenditures related to the energy
audit equipment/training for the project conserve program. The amount of federal grant award was
$50,000.
The second budget amendment relates to the Hillside mountain bike race as this is the second
consecutive year that the Parks and Recreation department has done this event. Recreation program
revenues will increase by $7,350 and the recreation programing budget will increase by $7,100, leaving a
net difference of $250. This race has been programed in the 2011 budget and no amendment will be
needed next year.
FINANCIAL IMPACT
Total revenues of the budget amendments axe $57,350 and expenditures total $51,350 fox a net difference
of $6,000.
ATTACHMENTS
^ Budget adjustment detail
Action Motion by Second by Vote
Follow Up
N:\Public Bodies\Ciry Council\Council RCA\Agenda Packet\10-18-2010\October182010 budget amendments.doc
CITY OF ELK RIVER
2010 BUDGET AMENDMENT DETAIL
October 18, 2010
REVENUES
Source Line Item
Intergovernmental Federal Grant
Charges for Services Recreation fees
Description
EEGBG federal grant (project conserve)
Hillside Race Event registrations
TOTAL GENERAL FUND REVENUE AMENDMENTS
Deaartment Line Item
Energy City Operating Supplies
Other Professional Services
Personnel
Travel, Conferences & Schools
Recreation Operating Supplies
Contractual Services
EXPENDITURES
Description
Energy Audit supplies (blower doors, CFLs)
Reimburse Vance's time
Part-time pay & benefits (Intern)
Energy Auditor training
Hillside race
Hillside race
TOTAL GENERAL FUND EXPENDITURE AMENDMENTS
Tickmark explanations
1= EECBG Grant (difference between expenditure and revenue is rebecca's time that will be reimbursed $5,750)
2=Hillside Race Event
Dept.
Detail Total
$50,000 1
7, 350 2
57 350
,~ JI,JJV
Dept.
Detail Total
(29,000) 1
(3,700) 1
(5,200) 1
(6,350) (44,250) 1
(2,100) 2
(5,000) (7,100) 2
$ (51,350)
10/14/2010;2010 Amendments